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January 30, 1981 - Image 5

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The Michigan Daily, 1981-01-30

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The Michigan Daily-Friday, January 30, 1981-Page 5

U

(~O1BUTAWLL
BREAK'?AFfoQp L. A ONE-
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NEW YORK (AP)-A selling wave
yesterday sent gold prices sliding below
$500 an ounce for the first time in
almost 10 months, but late hectic
trading in New York sent prices back
up on fresh fears of unrest in Poland.
Analysts attributed the rally to fears
of international turbulence, ignited by a
Polish state radio broadcast that said,
in part: "Anarchy and chaos are en-
tering the life of the state, endangering
the fate of the homeland and its
citizens. Forces hostile to the socialist
system are getting active."
Gold is typically bought to protect an
investor's nest egg in times of economic
or political unrest. Economic im-
provements or an easing of inter-
national tensions rarely send gold
prices higher.
Since the release of U.S. hostages in
Iran on Jan. 28, for example, gold
prices have fallen almost $80 an ounce
in London.
EARLIER, GOLD dealers said a
strong dollar and high U.S. interest
rates were the major factors in the
recent flight of investors from bullion,
which provides no interest earnings.
The dollar continued to set records in
trading against the Italian lire. And in
Frankfurt, the West German central
bank was selling dollars heavily in or-
der to slow the rise of the U.S. currency.
James Sinclair, a general partner of
the New York foreign exchange and
precious metals business that bears his
name, said that with gold dipping below
the $500-an-ounce level, the bullion
market was ripe for a reversal. But he
questioned whether the late-Thursday
rally could be sustained.

GOLD PRICES
oours erOunce in London
625+

515
550
525
500-

Selling wave sends
gold below $500

S 602.00
490 00

Keep Yourself Out Of The Dark
by
Reading (i e 31rbClt[au ?EaiMl
764-0558

7

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t7y-~N
@771 M t 95AN

Spring break
tavel options
*extend be yond
Florida escape
By GREG DAVIS package trips to Nassau, Paradise
h p of l d ti d f di Island, Mexico, and the West Coast.

tan.5 16 21
1981

29

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,A4-

AP Photo
"ONCE THE selling starts, it kind of
;feeds on itself," said Vincent Mar-
tinelli, a vice president for Deak-
Perera, a leading New York bullion and
coin dealer.
Sinclair said continued high U.S. in-
terest rates have made it costly to
borrow to buy and hold gold and have
also lured investors away from bullion.

LSAT " GMAT " GRE
TEST PREPARATION CENTERS

Tnose o you aireaay Lireu of reaing
your psychology textbook and writing
physics lab reports will welcome an
early spring break-one that falls
almost a month before spring actually
begins.
Many students are busy planning
their escapes from Ann Arbor during
spring break, Feb. 22 through March 3.
And the book-weary who are traveling
farther than the Detroit. suburbs have
plenty of alternatives to the time-worn
Florida vacation.
* THE UNIVERSITY Activities Center
is offering trips to Stemboat Springs,
Colo. For $199, they are offering six
days of condominium lodging and ski
lift tickets. The tour is scheduled for
Feb. 22-29. Or, for $495, you can fly to
Can um, Mexico for everything but
meals on a UAC-sponsored trip.
If Colorado weather conditions
remain poor, UAC will give those
signed up for the trip a full refund, ac-
cording to tour official Dave Johnson.
A deposit of $50 per condominium will
be returned a week before the
scheduled departure date if the
package, tour is cancelled, Johnson
said.
"IT LOOKS hopeful, though," he
said. "Colorado is having a lot of snow
dumped on it right now."
Conlin-Dodds Travel, Inc., with three
Ann Arbor locations, isn't offering any
student vacations, but does have
Marrow
transplant
cannot save
sick infant
CLEVELAND (UPI) - A 10-month-
old boy who underwent a bone marrow
transplant from an unrelated donor in
an historic bid to treat a rare and
usually fafal bone disease died yester-
day.
Kamran Fazili, who suffered from in-
fantile malignant osteopetrosis - mar-
ble bone disease - suffered com-
plications from the procedures used to
prepare his body for the transplant and
prevent rejection of the marrow, doc-
tors said.
Cause of death was listed as acute
respiratory failure, said Dr. Peter Coc-
cia, acting director of the hospital's
division of hematology-oncology.
The marrow - about one pint's worth
- came from Sylvia Smith, 31, a
mother of five from London, England.

It has gotten so expensive to fly to
Florida, the agency reports, that many
people choose to pay a little more and
vacation in the Bahamas.
WEST QUAD Council is offering one
Florida trip-to Daytona Beach on a
bus.
Most students traveling long distan-
ces daring the vacation are heading for
Florida.
University students Doug Thomas,
Julie Hublein, and Mike Williams are
all traveling to Florida.
Thomas, a senior engineering
student, said he is going to Santabell
Island with his family to "catch some
rays" and watch the "multitudes of
gorgeous women."
LSA sophomore Julie Hublein will be
driving down to Ft. Lauderdale with
three or four of her friends. "It
(driving) is a lot cheaper than flying,"
she said. Hublein plans to do some
diving and to see the coral reefs.
Williams, an engineering junior, is
also driving to Ft.- Lauderdale.
Williams is going to "hang out at the
beach and check out the bars" during
his vacation.

Although we have been in the test preparation business for
many years, we are new in the Ann Arbor area. We are
convinced we have the finest test preparation course available -
superior instructors, superior materials and superior teaching
methods. But we have found that students tend to patronize the
old 'stand-by' because they have heard the name around. We
would like to have the chance to prove we are better; to become
known as the quality test preparation service in Ann Arbor. We
are therefore willing to take a chance. On any course offered
between now and June, 1981, we offer the following guarantee:
Guarantee
- If you feel that we promised anything we did not deliver, or
- If you feel our course materials are not up-to-date and reflec-
tive of the questions presented on the test, or
- If you are unhappy with the score on the examination (unless
that score is over the national average), then
- Sexton will refund your tuitionor continue to help prepare
you for future tests without any additional charge.
YOU BE THE JUDGE

I

% exton
Educational
Cenlters

For More Information -
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Farmington Hills, Mich. 48018
(313) 851-2969

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